ASK Automotive
484.45
+1.00(+0.21%)
Market Cap₹9,530.90 Cr
PE Ratio37.27
IndustryAutomobiles
Company Performance:
1D+0.21%
1M-9.34%
6M+14.18%
1Y+15.95%
5Y+56.22%
View Company Insightsright
More news about ASK Automotive
26Jun 25
ASK Automotive Expands Product Line with T.D. Holding GmbH Partnership
ASK Automotive has entered into an agreement with T.D. Holding GmbH, a German company, to manufacture and sell sunroof control and helix cables for automobiles. This partnership aims to expand ASK Automotive's product portfolio in the automotive components sector, potentially opening new avenues in domestic and international markets. The collaboration focuses on producing crucial components for vehicle sunroofs and various automotive systems, aligning with the growing demand for advanced features in modern automobiles.
25Jun 25
ASK Automotive Forms Strategic Joint Venture with Germany's TD Holding GmbH for Automotive Cable Production
ASK Automotive has approved a joint venture agreement with TD Holding GmbH to manufacture and market sunroof control cables and helix cables. ASK will hold a 49% stake in the venture, investing a total of ₹2.45 crore with an initial infusion of ₹49.00 lakh. This strategic partnership aims to diversify ASK's product portfolio and tap into the growing market for advanced automotive components, particularly in vehicle electronics and interior systems.
14May 25
ASK Automotive Sets Ambitious Growth Targets for FY26
ASK Automotive has announced its FY26 growth plans, targeting mid-teens revenue growth and a 150 bps increase in EBITDA margin to 14%. The company plans to invest ₹450 crore in capital expenditure and aims to boost export revenue from ₹147 crore to ₹250 crore. A new export order worth ₹75 crore has been secured. The company is optimistic about the recovery in the two-wheeler segment.
13May 25
ASK Automotive: Q4 Profit Rises 21%, Declares Dividend
ASK Automotive announced strong Q4 FY2023 results with a 20.5% year-over-year increase in consolidated net profit to ₹57.60 crore. Revenue grew by 8.6% to ₹849.70 crore, and the EBITDA margin expanded to 12.20%. The company's board declared a final dividend of ₹1.50 per equity share for FY25.
04Mar 25
ASK Automotive's Stock Hits 5% Upper Circuit on Strategic Partnership with Japan's KYSK for High-Tech Two-Wheeler Alloy Wheels
ASK Automotive Limited has entered into a Technical Assistance and License Agreement with Kyushu Yanagawa Seiki Co., Ltd. (KYSK) of Japan to produce high-pressure die-cast alloy wheels for two-wheelers. The partnership aims to expand ASK's product portfolio and leverage KYSK's technical expertise. The announcement led to a 5% surge in ASK Automotive's stock price, hitting the upper circuit limit. The agreement involves a one-time initial royalty payment and ongoing running royalties.
03Mar 25
ASK Automotive Inks Technical Assistance Deal with Kyushu Yanagawa Seiki for Cast Wheel Production
ASK Automotive Limited has entered into a Technical Assistance and License Agreement with Kyushu Yanagawa Seiki Co., Ltd. (KYSK) for cast wheel production. KYSK will provide technical know-how for manufacturing high-pressure die-casted alloy wheels for two-wheelers, targeting a specific Japanese customer. The perpetual agreement covers the Indian market and involves initial and ongoing royalty payments. This collaboration aims to enhance ASK Automotive's product quality, technological capabilities, and market position in the automotive components sector.
ASK Automotive
484.45
+1.00
(+0.21%)
1 Year Returns:+15.95%
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